The problem Fintruist 2022 solves

Fintruist is a decentralized crowdfunding application that uses bleeding edge-technologies to fight against Scams and Frauds in the name of Fundraising and Crowdcampaigns. On Fintruist, charitable organizations can create campaigns that allow users to donate fixed amounts. But donations will only be executed after the donors verify the deliverables that were promised by the organization. We began this hackathon with a singular mission: To facilitate deliverables-based donations to prevent donors from falling for scams. A government study estimates that annually $15 million are lost in charitable crowdfunding campaigns. We want to stop this money leak. Preventing the said hefty amount from being lost in these scams is $15 million more being devoted towards causes for social good.

Moreover, our long term aim is to win the trust of donors so that they feel confident to donate larger amounts and increase the total number of donors of social good in this world!

Reflecting on that experience, we decided that we will only make donations to charitable campaigns if and only if they show us deliverables for the cause they support. However, current crowdfunding platforms focus on raising money before the campaign takes actions. By compelling campaigns to deliver on certain milestones, we can effectively prevent fraud because donations do not take place until evidence is provided. We were willing to donate only after certain milestones were achieved by the campaign.

To facilitate a transparent deliverables-based transaction between donors and charitable crowdfunding campaigns, we created Fintruist ✨

Challenges we ran into

This project was especially an achievement for us because this time the experience was very different than what we have while building typical hackathon projects, which also includes heavy brainstorming, extensive research, and yes, hitting the final pin on the board.

We tried to incorporate several Web 3.0 technologies and this was challenging since half of the team's forte was in Web 2.0 technolgies*.